technical outlook

F&O Talk| Nifty faces reversal signals and weaker breadth, key support at 24,500-24,400: Sudeep Shah of SBI Securities

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F&O Talk| Nifty faces reversal signals and weaker breadth, key support at 24,500-24,400: Sudeep Shah of SBI Securities

The Nifty formed a bearish engulfing candle on the weekly chart as it ended Friday’s trading session on a negative note as the index plunged ahead of a key U.S. jobs report, which could influence the Federal Reserve’s decisions on the pace and magnitude of interest rate cuts. The 50 component index Nifty 50 as … Read more

private bank stocks: Can private bank stocks lead from the front now?

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private bank stocks: Can private bank stocks lead from the front now?

On June 19, 2024, the Bank Nifty reached a new high of 51,957. This milestone could be just the beginning, with potential for further acceleration and growth. It’s a known fact that due to improved operational efficiencies, the implementation of the Insolvency and Bankruptcy Code and cautious lending practices by PSU banks have significantly enhanced … Read more